Daifuku's share price temporarily fell below ¥5,000, but the Bollinger Band setup has brought buying on dips into focus, targeting a break above the 25-day moving average.
Daifuku remains in a corrective trend, recently touching a year-to-date low of ¥4,914. This has brought the stock to a point where bottom formation is becoming a focus.
On the Bollinger Bands, the stock has moved above -1σ in its recent rebound after correcting to -3σ, and appears to have entered a rebound phase. It is currently trading around ¥5,560.
Looking ahead, buying on dips may develop with a view to breaking above the 25-day moving average.